Mon, Sep
38 New Articles

Sorainen Advises Sweden's Xllnc Nordic on Acquisition of Estonia's Replace

Sorainen Advises Sweden's Xllnc Nordic on Acquisition of Estonia's Replace

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Sorainen, working with Sweden's Hansen Law, has advised Xllnc Nordic on the acquisition of Estonia's Replace OU.

Replace, which was founded in Estonia in 2016, has over 250 employees and revenues of more than EUR 70 million in 2019. Its electronic asset management service offering includes B2B and B2C refurbishing and re-marketing of used mobiles and IT equipment. Xllnc delivers IT lifecycle management solutions to large corporations, the public sector, and schools. Xllnc is majority-owned by Norvestor, a private equity firm in the Nordic region. In 2019, Xllnc and Replace will have combined revenues of approximately EUR 300 million.

The Sorainen team included Partner Piret Jesse, Senior Associates Piret Lappert and Jane Eespold, and Associates Robin Teever and Oliver Amarik.

Sorainen did not reply to our inquiry on the matter.  

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


Our Latest Issue